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now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a hike in budget cuts . senate democrats are on his side, pushing one trillion in new taxings. is this why 7 out of 10 bosses are not hiring. this is bums and bears we'll get right to it. the bums and bears, to bin and jonas and john back from his mountain climb and jamull green. >> democrats are still pushing tax hikings. is that why the companies are not hiring? >> absolutely. alm they -- all they have to do is look at history or the state nearby. on the state lemp, - level. the states that grow the most jobs are the ones without income tax. we have had this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as aercentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy?
now. >> gregg: how about basically he was saying look, half the people in america don't pay taxes, income taxes, they have no skin in the game. i mean, that was palblum for the audience. >> and one of the most interesting sections of the speech when he talked about the need for charity and how government, a big government often comes in and takes up the functions of the civil society in a way that's not healthy for the broader society. . >> gregg: all right. steven hayes thank you very very much. appreciate it. >> thanks, guys. >> gregg: my favorite line, economics is not brain surgery. >> heather: yes. >> gregg: of course, he's a neuro brain surgeon. >> heather: he was an exciting speaker, i must say. >> gregg: he wasn't using a teleprompter i don't think. it was amazing and the crowd seems to love dr. ben carson. all right, thanks for watching our coverage of the conservative political action conference. >> heather: and now to bulls and bears that starts right now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
ones is tax policy. and if mr. ryan's budget passes as you have suggested, then the top tax rate goes from 39% to 25%. which means that those who already have a lot will get a whole lot more. . i'm reminded of a quote by president roosevelt, and he id, it's -- this is to paraphrase. he said we're not measured by how much those who have get what we do who have little. this is where the great buying power of america should be in the bottom 99%, really the bottom 50% or 60%. i thank you for raising the tax policy in the ryan budget. the rest, because of the elimination of the debt actions, are going to see a stalling of their income. ms. norton: he does get balance within 10 years and look how he gets it. you still do not have like anything like a contribution, a real contribution, from those who have benefited the most from the tax cuts built on that chart. you are talking about it continues to come from the lowest part of the income stream -- income groups in the united states. i don't know when people will -- let the congress know they aren't going to take it anymore. the time has com
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
the senate majority. >> president ronald reagan. >> principles. liberal. a sign of tax increase and pro- abortion law in california. ahead of his time. reagan was a liberal. >> president barack obama. clark's greatest president of the 21st century. >> a cold, remote, and deeply cynical. >> god. god is love. [applause] satan. >> satan is hate. the dark lord of good inte ntions. >> hugo chavez. e now.qaan's roommat [laughter] [indiscernible] [bell] >> that is the end. who is the winner? is it paul? son?t tucker carlon go back and read the papers. we want to thank each of these. i want to thank paul because it is a little more of an uphill climb. we are delighted to have you. thank you so much. i appreciate it. ♪ >> continuous coverage. rick perry.or mitt romney will a trust -- mitt romney will address the conference of this afternoon. ♪ >> god bless texas. god bless texas. thank you. they said you have to turn to the left. i said i do not go left well at all. it is a big honor to be asked to speak. i want to say thank you to those of you who have allowed me to come. for all of the bad
appreciate your reporting on the disastrous tax about obamacare. please keep on reporting the facts from all different angles. we have learned so much from your informative guests as well as you. so nice. thank you. love hearing from you. send me an e-mail. finally tonight, as if we needed another reason not to take a cruise vacation. listen to this. carnival cruise line's ship with 5600 passengers and crew on board is stuck. yes, stuck at a port in statement. the company says the ships emergency diesel generator now -- malfunction yesterday and guess what happened to maquis have heard this before. toilets overflowed. this comes one month after another vessel was disabled by a fire trapping dozens of passengers s.c. for days. now, some of those passengers said they would ticker's again. please raise your hand if you ever want to set foot on a cruise ship. i am not part of that group. that is my "2 cents more." thank you for being with us. it is been agreed met with you here on "the willis report." have a wonderful evening. ♪ lou: good evening, everybody. thank you for being with us. the wi
as republicans. smaller government, lower taxes, less spending, rational regulation, open markets, free trade. these are the things that unite as as republicans. it is no surprise to me, lou, that if you take this 60 million people who voted republican for president last year, they're not going to all agree on everything in it would be silly to think that they would. but, there are things that generally unite us, and we need to learn how to work together and push hard for what we know is right. secondly, to understand and not everybody who is a good person or even a good republican is goin to agree with you on everything. heck, my wife doesn't agree with me and everything. lou: you put it that way. in my house i have to say, have to agree with her. republicans have lost to president ections, as you are keenly aware, governor. the vote totals declining over those two elections last year. the spending, astronomical. the republicans -- fighting many people are not aware, republicans actually out raised anoutspend the democratic party. presidt obama. over $1 billion. now, that is, by mimas, gover
is not just a tax haven for russia, it is the tax haven for russian millionaires and billionaires. russia has invested $119 billion, that's with a "brks" in cyprus in 2011 alone. that's by far the largest recipient of russian investments in the world. equal amount of investment came back to russia from cyprus. funny how that works. russian investment is five times the total economic output for cyprus. russians account for $20 billion of total bank deposits or, tyler, as you mentioned, more than a third among the top russians in cyprus is the fert cider magnet now the biggest shareholder in the bank of cyprus. he has a lot of money in u.s. real estate as well. he brought donald trump's mansion and his daughter bout an apartment in sandy well. and alexander bought avraz steel. the mystery to me is why these wealthy russians kept so much money in cyprus when they knew the banks were in trouble. one reason is that there are fewer choices. if you look around the world, governments arie cracking down n tax evasion and money laundering. they're all complying with global capitalist. even with this 10
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
, workers who don't earn enough to pay taxes even. and so there was a lot of anger that got generated. and i think it also generated a lot of motivation. i know that our people got more mobilized as a result of that video. and i'm sure that others did. and i think that what scott did, and i think his strategy was flawless. i think what he did with no prompting by anybody but him thinking it through, he wanted those that couldn't afford the $50,000 dinner to be able to see the real mitt romney. and the others that got scott upset is that mitt romney was talking about himself being a job creator and then he saw what mitt romney was doing in china buying these factories at bain capital. and he saw that as a complete sort of contradiction of what mitt romney was trying to portray. i think in the sense that mitt romney helped the obama machinery show what romney really was about, i think it was if not a game changer darn near a game changer and i think america owes scott a big debt of thanks. >> well, he is a hero in my opinion and a lot of americans on social media are saying the same thing. it
. they think if we just squeeze squeeze, squeeze, even as we lower taxes at the high end that will create prosperity. that's really a pipe dream. >> john: i'm confused. the president said he doesn't want to touch medicare at all but because of a divided government we might have to do things we don't like. >> no, he said if we want to get revenues they'll bring up topics like the entitlement issues that we will have to discuss. he was not backing away from my view a solid commitment to maintaining it. he said those of us who are supporters of medicare and social security have to focus on maintaining solvency and stability going forward. he said, this was music to our ears. he said social security was not part of the debt issue. it is a totally different issue. to the extent that we get involved. social security at all it has to be about that problem and it's solvent and committed to that 75 year window we've been committed to. as far as medicare, with what wave' done with the affordable care act we're in good shape for the next ten years. but after that even the cbo numbers show with the d
are losing due to this tax. >> hank smith, it is pretty extraordinary depositors have to pay for a bailout they didn't necessarily authorize. what do you think about what peter said? is this a recipe that would be used elsewhere in the world? >> i highly down it, maria. look, i think we should take great confidence in our banking system now compared to where we were four or five years ago. our banks are very healthy. t.a.r.p. was a good thing. it protected the financial system and the confidence in the financial system. and our banks are in great shape -- >> they're in the worst shape they've ever been. >> oh, no. >> they're a few interest rate hikes away from insolvency. that's why the fed is keeping rates at zero. >> wait a second. peter, you're saying the banks are a couple interest point ace way from insolvency? >> why to you think when the fed did the stress tests they didn't ask the banks to stress test a collapse in the bond market? they only looked at the stock market or maybe real estate. when interest rates rise substantially, the major banks are going to fail. their balance shee
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
the president welcomedded tax reform, a bipartisan effort on corporate tax reform in >> i'm not, he made hints about it before. it's some of the areas he and mitt romney had overlap. the president seemed open to corporate tax reform in the past. what we have not had from the president is anything in the way of specifics. if yao the president of the united states, and you want to actually orer in a -- usher in a series of reforms, whether it's taxes or entitlements, get out and make your case to the american public by giving us specifics, tells us exactly what you want to do. think until we do, we should be skeptical. gerri: what john boehner said in an op-ed quoting all the bipartisan discussions are encouraging, but presidential leadership is needed and shifting from charm to courage and action we can guarantee the children a future where everyone has a chance to find work and pursue their piece of the american dream. it's about leadership at the end of the day, isn't it? >> yeah, i mean, i think that's right, and this is -- the president has not done this, and not only that, but when he's ha
committee. hers doesn't balance the budget, but reduces the deficit over a ten-year period, using both tax increases and spending cuts. and she said it's up to the american people to pick an approach. >> they will let us know whether they want us to go back down the path of the trickle down policies that decimated the middle class and threw our economy into a tailspin, or if they would prefer the approach we've seen has worked before. tackle our deficit responsibly, reinvest in our middle class, build a strong foundation for growth, and restore the promise. >> but, of course, appealing to public opinion is part of the outside game, and that's only one aspect of this fight. there's also the inside game, because president obama went up to the hill today to continue his outreach to members of congress. he spoke to the house republican caucus. afterwards, speaker john boehner did announce a breakthrough, but he indicated it was a productive meeting. >> today was a good start. and i hope that these kinds of discussions can continue, even though we have very real differences. our job is to find
. republicans falsely claim democratic budget increases taxes by $1.5 trillion. as you know the republicans have spent years pressuring democrats to write a budget so they can criticize it and attack it -- so they are assuming the sequestration stays in place which everybody thinks is dumb. so if we're just going to have these fault math arguments i don't know how we're going to get anything done, do you? >> and the false math goes even further, stephanie. their budget wants to reduce the rates on the top wage earners, but they don't tell you how they are going to do it. but in the end it give people who make over a million dollars a decrease in taxes every year. so $200,000 more in tax breaks for the richest -- >> that sounds fair. >> it makes no sense. and then when you ask how they are going to do it? they still protect the tax exemptions for companies who send jobs overseas oil companies, corporate jets -- it's almost too hard to debate something that is this silly. >> stephanie: i know you new there, but do you see any way out of this, that we we -- literally are s
important public service jobs at the local level back to work. and then we have the make work pay tax credit which help small employers hire people if they hire folks who are out of work, and i think those things together with the number of other investments help us put 7 million people back to work in in 2014. >> i think it's ironic that the congressional budget is more conservative than the conservative one. it has little chance of ever being enacting. what are you gaining by putting it out there? >> we're fostering a progressive position for americans. we're helping americans see what it could be like if we put a budget together that included their preferences. now in terms of the odds of a budget being passed i doubt very seriously if paul ryan's budget is going to be the one that ends up being enact into law because the nat is not going to pass it. so we think our chances are pretty good. but let me tell you something the fact is that we're standing on our values. we're offering the american people, and we're going to organize around this budget. who are we to say that it won't? paul r
mechanism for taking care of the poor. this is one of the reasons that we give tax deductions to churches. because they do that. why is the government trying to duplicate what they are supposed to be doing. we need to think smartly about the ways we use our resources and use our money. in 2009, 40 of the wealthiest families in america pledged to give away health of their wealth to charity. go someplace else in the world and ask for the of the wealthiest families to give away their wealth. they will look at you like you have six heads. this is the phenomena of america. it is not the government's responsibility. it is our responsibility as citizens. [cheers and applause] as we are talking about fairness, let's talk about taxes. me --eople criticize criticized me at the prayer breakfast for bringing up god and the bible. it is a prayer breakfast, right? i do not understand that. if got things proportionality is clear come who are we to say it is unfair? the minute you begin to deviate away from proportionality, you begin to inject your own philosophy. that is always going to leave you in one
revenue mostly due to closing the tax loopholes on the rich. adds $100 billion in stimulus spending. compensates for the $85 billion loss of a sequester and fights unemployment and cuts $975 billion in spending. for more, let's go to our old friend, florida democratic congressman, your friend and ours alan grayson, good evening, congressman. thankthankthank you for joining us. >> thank you. >> john: paul ryan wants to cut while repairing the social safety nets. wouldn't cuts of that size pretty much slash the safety net? >> absolutely. look, let's start with the affordable care act. he wants to eliminate the affordable care act, repeal it but he wants to count all of the billion dollars in affordable care act down to -- in order to say that he's paying down the deficit. let's talk about medicare. in order to save that program he's going to destroy it. he's going to eliminate every single guaranteed benefit under medicare, replace that with a check that everybody knows will not be enough to get the same benefits. >> john: exactly. >> in one case after another you look at his principl
for virginia, which required them to raise taxes i think on the gas tax or somehow to pay for these highway improvements and god knows northern virginia particularly needs them. no, because he did that and made a deal with the federal government, the department of transportation, he was not invited to cpac. but all of the rest of the crazies were. and it turned out, there was a big split yesterday in the message. -- the messages given to cpac. first of all rand paul scale in hot off of his drone filibuster and said the party needs a shakes-up and a new cleansing. >> the got of old has grown stale and moss-covered. i don't think we need to name any names. do we? >> you know who he is referring to. >> our party is inc. covered by an incounsistent approach to freedom. the new g.o.p. will need to embrace liberty in the comic and the personal sphere. >> which is sort of saying all much those emphasis on the social issues? right? liberty on the personal spear means get the government out of my bedroom. this is the libertarian speaking. when he says, i don't need
. thank god. >> irs. >> jesus loves tax collectors. that is why he accepted the hospitality of tax collectors. they called them publicans. >> if only the border patrol were as feared and effective. >> hispanic america. >> winnable. >> democrats, and gracias. >> chinese cyber attacks. >> democrats, and gracias. >> chinese cyber attacks. >> how can people be so stupid and not know why there are 6000 dead pigs floating through their river? how does that work? >> i would say more threatening than anything happening in the middle east. sorry. >> putin. >> evil, yet hilarious. [laughter] >> bush called him pooty poot. which is embarrassing. he is evil, but -- you have not seen the pictures. >> nra. >> does not represent most gun owners like me who are for president's obama's gun regulations. you have to deal with the reality. >> the only organization working to protect the constitutional right that "the new york times" hates. >> sequester. >> y2k of politics. it came and went, and no one noticed. >> it hasn't gone, and it is so incredibly dumb and it will hurt this country. a totally sel
at this point. >>> h&r block software glitch is delaying some 600,000 tax refunds up to six weeks. you're affected if you claimed education credits using form 8863. they say you're okay if you filed after february 22nd. the problem is fixed now. it is working with the irs to get people their money as fast as they possibly can. >>> a 16-year-old allegedly rained by two star high school football players in ohio town in shock and outrage as the trial opens. next, the latest from steubenville and we will hear from our legal experts. stay with us. [ male announcer ] if she keeps serving up sneezes... [ sneezing ] she may be muddling through allergies. try zyrtec®. powerful allergy relief for adults and kids six years and older. zyrtec®. love the air. and kids six years and older. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or m
cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i gues
entitlements if republicans agree to somegr revenue from taxes. the other drama are these official budgets that came out. they bear no resemblance to that other drama or to reality. they're essentially campaign documents for each side. the house republicans put out theirs and the senate democrats put out theirs. if it's a family budget it's like sitting down and saying you know, i'm going to get that promotion and we're not going to spend any money when we go out for dinner. these are all hopes and wonderful things but then bump into reality. gwen: if you go on our website you'll see a feature in which john talks about the president going to capitol hill for a charm offensive in 2009. so it feels like everything old is old again. >> that's right. that's why the republicans listening to the charm offensive think we've heard this tune before. there's a lot of mistrust and that's why there's so much e. that has to be done. it's not just going to be pleasing smiles and hand shakes. and that's why everybody involved in this is pretty -- what you hear from the white house, they always say we're
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
's described as about as complex as doing your taxes and that's only the first part of the process toward getting your new obamacare health insurance. trace gallagher has more from our west coast news room, trace. >> reporter: if i can, megyn, take you back to when then speaker nancy pelosi said this about obamacare. >> we have to pass the bill so that you can find out what is in it away from the fog of the controversy. >> reporter: well, how is this for getting through the fog of controversy? if you want to find out what's in the bill, take a look at this, right? there's a little itty bitty pile on the right. that's the actual bill. that's 2700 pages. now, the original bill, there it is, that thing next to it, that tower, seven-foot tower, that's 20,000 pages, that's the regulations that go along with obamacare. now, of course that's silly, none of us has to go through and read that thing, right? if you want to apply for obamacare in the form of medicaid or the children's health program, you will need to fill out this 21-page health and human services application and you might need a l
of the americans. i asked them to please shelf the tax hikes. that's because we understand the negative effect more taxes would have on our fragile economy and the millions of americans still looking for work. it's also because we know washington democrats already got $600 million in taxes they demanded earlier this year. and remember, that's in addition to the more than $1 trillion they got in taxes from obamacare as well. so now it's time for the balance they promised. washington doesn't need to tax more. it needs to finally figure out how to spend less. i said these things were the least senate democrats owed the american people, given their lack of responsibility in not producing a budget for the last four years. i'm sorry to report that the plan they put forward yesterday will do none of these things. none of them. instead of getting washington spending under control, their proposed budget doubles down on the same wasteful stimulus spending we already know doesn't work. we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the de
extortion, money laundering and tax fraud. >>> the style of pope francis was on display in his first mass. [ singing ] >> the pope didn't use any notes as he gave a short homily in the sistine chapel. he said the church needed to return to its roots and return to god. >> at the dinner there was a toast to him, he said a few words and said may god forgive you for what you have done. >> his next public appearance is sunday at st. peters basilica. >> speaker of the house john boehner won't be among the delegation at the installation of pope francis. he is grateful for the invitation but it would be impossible with his dotties -- duties. vice president joe biden is leading the delegation to the vatican. >>> how catholics feel about the new pope, ktvu's john sasaki continues our coverage. john? >> reporter: st. mary's is the primary church for the diocese and today was the place to be for celebrating the church's new leader. [ singing ] >> reporter: this afternoon's service began with the procession and the archbishop expressed gratitude. >> first pope from the americas. >> reporter: this was
to be. >> entitlement -- do you know why jesus was killed by the romans? it was about taxes. >> do you read the fox news version of the bible? ♪ >> we begin with the president in israel and historic trip marking the first time he's visited that country as president of the united states. touching down on the bright skies in tel aviv this morning the president was greet with a red carpet and all the ceremonial trappings of a state visit. joking with israeli prime minister benjamin netanyahu that it was good to get away from congress the president reaffirmed what he called the unbreakable bond between the two nations. a sentiment that was roundly reciprocated. >> the people of islam welcome you with open heart. we deeply appreciate your friendship and we share your hope that the middle east will enjoy a future freedom, prosperity, and peace. >> i'm confident in declaring that our alliance is eternal. it is forever. >> and while relations between the president and prime minister have been described as tense, to say the least, on this trip the two appeared down right chummy. at this after
? that would be two different types of gamblers. higher taxes and gas prices could spell trouble for cities that do rely on casino resorts. coming up tonight at 8:00 on "cavuto" talk about challenges e facing. david. david: good stuff. ♪ . i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low costnd tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackro. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. david: time for a speed read, some of the day's other headlines, five stories, one minute. pentagon spends one billion dollars a year in a program that sends up employment to troops that left the military voluntary little. the program has risen more than $600 million over the last ten years. >>> toyota is recalling 310,000 fj-cruiser
with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>peter: the 115 cardinals are going to stay in rome and try to find a replacement for joy bayhar on "the view." >>alisyn: it took only two days for the 115 cardinals to make a decision on electing cardinal bergoglio now known worldwide as pope francis. >>brian: here with us to offer thoughts is carl anderson from the knights of columbus. he is live in rome. carl, what do you take from this decision? >> this is another marvelous example of what's happened so often in history in the catholic church. continuity in change, as if the cardinal electors were reading writings on charity when they voted for our new pope francis. 35 years ago the conclave gave us a new pope from pola
of that whole business, in terms of taxing depositors, and we know that we continue to have issues in terms of the debt crisis. we are not, necessarily, seeing solutions there. >> i think you see -- if that fear were true, you would see it reflected in the peripheral european countries. i think they mark scyprus as a special case. >> mark, how are you investing at this point? you've got $54 million under management there. you've been bullish. do you want to put new money to work here, even though the market is up 10% year-to-date? >> short answer, yes, maria. the fact of the matter is, we think the fundamental underpinnings, particularly domestically, continue to be encouraging, and we're encouraging investors as a result of some of the volatility we've had in non-u.s. equity markets, to begin the scale-in there as well, because we think valuations are even more attractive. but i do think this cypresicyprg could be a big deal. the precedent it could set relative to marketdowns of small account deposits in other peripheral countries, particularly spain and italy. and the last thing we need t
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> welcome back. a developing story to tell you about coming to us from upstate new york. police are believed to have surrounded a man who is wanted in a shooting spree that left four people dead, two other people critically wounded. the standoff is taking place right now in herkimer county. cnn national correspondent deb feyerick is live on the scene for us this morning. >> reporter: good morning, soledad. right now police are just trying to wait out the suspect. 54-year-old curt myers. hold up a block away from me. this is main street. this is an area where the police station, the fire station, all within walking distance. so he's picked a very public area in which to do this. the standoff began about 15 hours ago, e
the terms of the cypress bailout could send europe into another financial crisis. it calls for a tax on every bank account in cypress. the euro hit its lowest level this year. >>> europe's largest bank wants to get leern and meern. it is part of strategy to make it more profitable. more than 40,000 employees and 50 branchs in the u.s. >>> this week, the postal service be told to keep on delivering on saturday. it says it can save $2 billion by cutting saturday delivery. >>> we're told that tourism to an unlikely spot is booming. north korea is a military dictatorship with constant surveillance that spends more money on rockets and weapons than its own people. a tour company expects five times as many tourist this is year as it did four years ago, when tourism wiz first aloud. that's only a total of 500. >> 500 people. >>> oz great and powerful. magic again at the box thaufs week. the film, like abc news, is part of disney. making it the biggest hit this year. took in $42 million. the call connected for 17 million. the invebl burt wonderstone was less than credible. my daughter, not m
republicans today. talking about spending, taxes, other critical issues. dana, are you with us? >> reporter: i am. can you hear me, wolf? >> now we hear you. >> reporter: good. to answer your question the timing couldn't have been more fascinating because it was about a half way through the president's meeting with house republicans that we all saw the white smoke. when he came out we asked him about that. >> mr. president, what about the new pope? >> mr. president, are you upstaged by the new pope? >> i made the announcement we saw smoke but i haven't actually seen the official announcement of name so we look forward to hearing about it and i'm sure it is going to be -- >> what about the white house tour? will there be white house smoke here. >> you're straining the analogy. >> how'd it go? >> good. i enjoyed it. it was useful. thank you. >> now, when we heard about the pope we were e-mailing with people in the room asking if people there knew about it. at the beginning there was hub bub but then it turns out the president was handed a note by his deputy chief of staff telling him the news an
will have to wait an extra six weeks for their tax refund. the irs says some tax refunds that claimed educational credits were filed improperly. the agency isn't saying who is to blame, but h&r block does acknowledge that it encountered errors when filing some returns. h&r block says the problem is now fixed that it's working with the irs to get the refunds out as fast as possible. >>> the long national nightmare is over. twinkies are coming back. >> thank goodness! >> i know, right? they could hit the store shelves by this summer. now we can solve the sequester, everything will get better. this is after a group of private equity firms agreed to buy bankrupt hostess for $410 million. hostess has not been making any new twinkies since november, when the company filed the liquidated business after a bakers union strike. >> now i can stop thwarting my twinkies. i didn't grow up on sweets, but i love twinkies. >>> 25 minutes after the hour. ahead on "early start," we're keeping an eye on vatican city for any possible word of a new pope. >>> plus, you sure like them, you post them on your
of the fiscal cliff deal. what about that? >> we believe tax reform ought to occur so we get a pro-growth tax policy to get the economy rolling again. we'll charge the ways and means committee with doing that. come out with some white papers that provide a construct for that and we're excited about that excited about making certain we bring down tax rates for individuals and businesses, we have the highest business corporate rate in the industrialized world. that doesn't create jobs for anybody. that's a disincentive for job creation. wonderful reforms to get that economy rolling again and jobs created again in the house budget. we look forward to the debate that's going to come. >> tom price joining thus morning. thank you for joining us. >> thank you, soledad. >> you bet. >>> actress gwenneth paltrow has an interesting rule for her children. no carbs. we'll talk about that. and we'll talk about jillian michaels if that's healthy at all. she has written a new book called "slim for life." she is ahead. ♪ looking for a litter with natural ingredients that helps neutralize odors. discover tid
by $2 trillion through tax hikes and spending cuts. gop leaders say the plan will raise taxes without balancing the budget. >> we believe we owe the american people a balanced budget. >> reporter: republican paul ryan's budget released tuesday balances the budget in ten years. highlights include repeal of the health care law, an overhaul of ped care making it a private insurance plan funded by vouchers and unspecified reforms of the tax code with a goal of creating two brackets -- 10 and 25%. >> to inflate the claims of deficit reduction. >> reporter: hours after the president meets with house republicans he will speak at a dinner for organizing for action, the retooled version of his campaign in a move that's rankling some republicans saying it runs counter to his outreach. despite the rhetoric, lawmakers haven't ruled out the possibility of a grand bargain for deficit reduction. that seems like tough sled eing given how sharply divided both sides remain. matt? >> kristen welker at the white house. thank you very much. >>> we have an important health alert this morning tied to the co
of people worry at night. believe me, they're not sitting there saying, geez, let's have more tax breaks for the wealthy and more loopholes to corporates. >> that's where your party stands. >> we have fought that battle and it's a mistake. we've got to get back to talking to middle income people about how they can reach the american dream. that's why we lost pennsylvania and ohio, wisconsin, michigan. we've got to get back to having people feel like we understand their lives. we're not about just tax breaks for the wealthy. >> do you think -- i like your values here, by the way. i'd like to see your party really compete. democratic party offers pell grants, opportunities for working class kids to go to college, social security for people over 65 so they can avoid being below the poverty line. what has your party put up in that bidding war? what do you offer for those regular people? >> not enough. i'll give you way of example. we like to say that we're the pro life party. we're really not. we're the pro birth party. >> it's in your platform. >> we fight for the unborn. >> john, it's righ
to change the fact that the president wants to deal with deficit reduction by raising taxes and cutting spending and the republicans don't want to even talk about raising taxes. however, one of the things that has been kind of the hallmark of criticism of the president from democrats and republicans here on capitol hill for a long time is that he doesn't reach out, he doesn't have a relationship. and you can't do anything really fundamental without having a relationship. so when it comes to that, there's no question. it couldn't have hurt, it had to have helped. >> all right. dana good to see you. dana bash there. >> you too. >>> all right. new york's cardinal timothy dol dolan, he's had a lot to say about the new pope. we'll tell you what he thinks the pope can change in the church. he's got a big job ahead. univers rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help ey nee en you s thesss, doyou want tw? wi d the field of counseling or psychology from capella universi
? >> compound tax free offshore, then eventually return. >> you want to see how much they own in real estate, in goal, in forex? >> right. we're going to talk about -- exactly. bridge water -- oh, how is apple doing? >> the analyst out of btig is on the 11:00 hour this morning with us. to his credit he cut the stock when it was $634 last april. missed some of the up side but missed a lot of the downside. he does point out they're probably going to miss. guidance is probably going to miss. management doesn't know what to do with this money. there's products we don't know if they're in the pipeline or if management will even pursue them but he's giving them a huge benefit of the doubt. >> i thought this was one of the most brilliant upgrade i've ever seen. it starts off by basically saying this company is going to blow it. that's why i like it. the reason why i say it is important, this stock has become very psychological. he's basically saying -- he's been at the top before. we know in another bull market he was in there at the top. >> yes, he has the advantage of experience. >> he's saying i
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